OpenSea Rival Surges 55% in Just Four Days, Shattering $500,000,000 Market Cap

OpenSea Rival Surges 55% in Just Four Days, Shattering $500,000,000 Market Cap


A new entrant into the non-fungible token (NFT) marketplace sector has seen its price and market cap explode this week.

The OpenSea rival LooksRare launched on January 10th, and the project’s native asset LOOKS has already surged in price by nearly 55%.

The token, which was listed by the exchange OKEx on Wednesday, is currently trading at $4.10.

Trending: Trump Reacts To Biden’s First Year In Office In Phone Interview With Sean Hannity (VIDEO)

LooksRare’s market cap also briefly exceeded $500 million on Thursday, though it has since settled to about $478 million, already ranking it 179th among all crypto projects.

The project, which bills itself as “by NFT People, for NFT People,” says its marketplace indexes all NFT collections on the Ethereum blockchain, meaning traders can access all the NFTs available on OpeanSea and other marketplaces.

Data from blockchain research

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend